Iran says it will adopt maximum crude output policy if US lifts sanctions

India Today – Iran will adopt a policy of maximum crude production if the United States lifts sanctions on the country’s oil industry, Iranian Oil Minister Bijan Zanganeh said on Saturday.

“Maximum production would be the Iranian Ministry of Petroleum’s policy in case (US) sanctions are eased on Iran’s oil industry,” the ministry’s official news website SHANA quoted Zanganeh as saying.

Since exiting from Iran’s 2015 nuclear deal with world powers last year, US President Donald Trump has reimposed sanctions on Iran. He has also introduced other limitations, including threats of sanctions against any country importing oil from Iran, causing a more than 80% drop in the OPEC member’s oil exports.